[Form 4] M&T BANK CORP Insider Trading Activity
Rhea-AI Filing Summary
Robert E. Sadler Jr., a director of M&T Bank Corporation (MTB), reported multiple changes in his beneficial ownership on Form 4. The filing shows a 09/24/2025 gift of 1,000 shares of common stock (Transaction Code G) transferred for no consideration, and several holdings reported as disposed or held indirectly: 19,013 shares disposed, 23,070 shares held indirectly by his wife, 18,398 shares held in the Sadler Family Foundation (trustee with voting and dispositive power), and 31,295 shares held in a Grantor Retained Annuity Trust (GRAT) of which he is trustee. The form is signed by an attorney-in-fact on 09/26/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider gift and trust reporting; ownership largely held indirectly through family and trusts.
The Form 4 discloses a gift transfer of 1,000 common shares and multiple indirect holdings via spouse, a family foundation, and a GRAT. These entries reflect estate and family planning activity rather than open-market trading. The reporting person disclaims pecuniary interest in the foundation-held shares while retaining trustee voting and dispositive power, which is material to control analysis. No purchases or cash sales are reported that would indicate liquidity events.
TL;DR: Governance note — trustee voting power retained; disclosures align with Section 16 reporting for insiders.
The filing appropriately identifies indirect ownership forms and the nature of each trust relationship, including the Sadler Family Foundation and a GRAT. Retention of voting and dispositive power over foundation shares is disclosed, which is important for assessing influence. The gift (Code G) is explicitly reported as no-consideration transfer. Overall, the filing is a routine, compliant disclosure of ownership reallocation within family/trust structures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The reported transaction involves a transfer of securities by gift for no consideration. The indicated shares are held by the Sadler Family Foundation, a charitable trust in which the reporting person has no pecuniary interest. The reporting person is a trustee of the Sadler Family Foundation and holds voting and dispositive power over the shares held by it. The indicated shares are held by a Grantor Retained Annuity Trust ("GRAT") of which the reporting person is trustee and of which the reporting person and his descendants are beneficiaries. The reporting person continues to report the beneficial ownership of all of the M&T Bank Corporation common stock held by the GRAT but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
